In my town, gas prices are always listed to the thousandths place. Since the smallest coin we have is the penny, we have to round them to the hundredths place. If the price of gas is $3.545, what will the price be when we round it to the hundredths place?

Step-by-step explanation:

given the amount $8.162

if we are to round this amount to the nearest hundredth, we would have

$8.16

this is because will have already consider the last value in the given digit and this value is not up to 5  hence we are not able to round the number next to it up, but we have to retain its current value of 6.

therefore the value is

$8.16